Member News

Mannheimer Swartling | Minority shareholders acquire all shares in Löfvingkliniken

Löfvingkliniken AB, founded in 2003, is one of Sweden’s first beauty clinics and has since its establishment been a pioneer in beauty care. The clinic is based in Gothenburg and has established itself as a reference and training clinic in both aesthetic and medical botox treatment. Löfvingkliniken offers a wide range of treatments, including fillers, volumizing and skin revitalizing injection treatments and medical skin therapy. The minority shareholders are now acquiring all shares from the majority shareholder to further develop the...

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Chapter News

European Council | Trans-European transport network (TEN-T): Council gives final green light to new regulation ensuring better and sustainable connectivity in Europe

Today the Council adopted a revised regulation regarding EU guidelines for the development of the trans-European transport network (TEN-T). The new law aims to build a reliable, seamless, and high-quality transport network that ensures sustainable connectivity across Europe without physical interruptions, bottlenecks, and missing links. The TEN-T network is a key instrument of the EU’s transport policy with a huge contribution to our sustainable mobility objectives, as well as to economic, social, and territorial cohesion. The adoption of the revised...

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Chapter News

ECB | Why Europe must safeguard its global currency status

Blog post by Piero Cipollone | For the last quarter of a century, the euro has been a key global currency, second only to the dollar. It has demonstrated its resilience despite the coronavirus pandemic, Russia’s war in Ukraine and the tragic conflict in the Middle East. The euro’s estimated share of international currency use stands at over 19 per cent, a level that has remained broadly stable over the past five years. Nevertheless, the currency’s place on the global...

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New York Related News

New York State Governor | Governor Hochul and Mayor Adams Announce Start of Construction on Transformation of South Brooklyn Marine Terminal Into Nation’s Largest Offshore Wind Hub

Governor Kathy Hochul, New York City Mayor Eric Adams, and Equinor Wind US President Molly Morris today announced the start of construction on what will be the nation’s largest dedicated offshore wind port at the South Brooklyn Marine Terminal (SBMT). The project will accelerate the clean energy transition, advance progress toward the state’s Climate Leadership and Community Protection Act (CLCPA) goal to develop 9,000 megawatts of offshore wind by 2035, and create more than 1,000 construction jobs. “We are taking...

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Chapter News

IMF | Dollar Dominance in the International Reserve System: An Update

The US dollar continues to cede ground to nontraditional currencies in global foreign exchange reserves, but it remains the preeminent reserve currency Blog post by Serkan Arslanalp, Barry Eichengreen , Chima Simpson-Bell | Dollar dominance—the outsized role of the US dollar in the world economy—has been brought into focus recently as the robustness of the US economy, tighter monetary policy and heightened geopolitical risk have contributed to a higher greenback valuation. At the same time, economic fragmentation and the potential reorganization of global economic...

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New York Related News

Troutman Pepper | New York LLC Transparency Act Enacted … Again

On March 1, New York Governor Kathy Hochul signed a new version of the New York LLC Transparency Act (NYLTA) into law, repealing the original version enacted in December 2023. The new NYLTA pushes back the law’s effective date to January 1, 2026 (from January 1, 2025). The NYLTA’s application is the same — namely that all limited liability companies (LLCs) formed under New York law, or formed outside of New York that are seeking authorization to do business in...

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Member News

Jaguar Freight | The Weekly Roar – Top Shipping News

In this week’s Roar: U.S. ports are lagging, congestion in China, Houthi attacks on the decline, details on the potential Canadian strike, and the need for better market intelligence. The latest Container Port Performance Index (CPPI) highlights the current dominance of East and Southeast Asian ports in the ranking of worldwide container ports — ranks are based on the amount of time ships spend in port. China’s Yangshan Port tops the ranking for the second consecutive year, while, in contrast, American...

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Chapter News

European Parliament | Election 2024: Updated seat projection for new European Parliament

Updated projection for the composition of the new Parliament based on final and provisional results in 26 countries and pre-electoral data for one (as of 11.38).     2024 provisional results as of 10 June at 11:38 The above projection is based on: final results from 12 EU member states: Belgium, Croatia, Cyprus, Czechia, France, Germany, Greece, Lithuania, Luxembourg, Malta, Poland, Slovakia; provisional results from 14 countries: Austria, Bulgaria, Denmark, Estonia, Finland, Hungary, Italy, Latvia, Netherlands, Portugal, Romania, Slovenia, Spain, Sweden; and pre-electoral...

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Member News

Stephenson Harwood | Data Protection update – May 2024

Welcome to the Stephenson Harwood Data Protection update, covering the key developments in data and AI laws from May 2024. This month the EU AI Act was adopted by the EU Council and the Data Protection and Digital Information Bill (the "DPDI Bill") fell in the Parliament wash-up period ahead of the UK General Election. In AI news, Max Schrems' data privacy group noyb filed a complaint to the Austrian Data Protection Authority ("DPA") regarding ChatGPT's "hallucinations", the AI Seoul Summit...

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Member News

Vulcan View: The latest EU developments 3 June – 7 June

What to expect from the European Parliament election With the elections beginning this week, there are EU election projections surfacing. Below Vulcan’s team has analysed what is expected from the upcoming results.  Although there is an anticipated far-right surge, a centrist majority comprising of the centre-right, liberals, and socialists still prevails. The centre-right European People’s Party (EPP) is expected to take first place with 182 seats, followed by the Socialists and Democrats (S&D) with 136 seats. Along with Renew Europe (81 seats),...

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